Large Cap

  • October 09, 2025

    Alex Jones Wants Justices To Pause $1.4B Sandy Hook Award

    Infowars host Alex Jones has asked the U.S. Supreme Court to stay enforcement of a Connecticut court judgment awarding more than $1 billion to the families of Sandy Hook Elementary School shooting victims, arguing that he has faith in the high court overturning the judgment against him.

  • October 09, 2025

    Voyager Judge Won't Dismiss Contract Claims In Binance Suit

    A New York bankruptcy judge said Thursday he expected to deny a request by Binance.US to dismiss Voyager Digital's breach of contract claims stemming from a collapsed asset purchase agreement between the two cryptocurrency ventures.

  • October 09, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Rhodium challenged a $9 million fee request from Lehotsky Keller Cohn LLP for its work as special litigation counsel in a dispute with a landlord. Lenders of the company behind MTV's "Ridiculousness" argued that its bankruptcy should be dismissed. Recovery Law Group asked a court to reconsider a $392,000 fine and a three-year filing ban. And Maverick Gaming defended its sales process.

  • October 09, 2025

    Ga. Univ. Dorm Operator Floats Ch. 11 Plan With Sale

    Bankrupt dormitory operator Corvias Campus Living-USG LLC has filed a Chapter 11 plan centered on a sale of buildings to the University System of Georgia Board of Regents for $208.5 million to pay down existing note debt.

  • October 09, 2025

    Bankrupt EdTech Co. Couldn't Graduate From COVID Boom

    Educational technology company Anthology expanded quickly amid pandemic-era growth in remote learning, but then it ran into stiff competition when rivals also moved into the sector and became mired in operational dysfunction, leading the business down a path to bankruptcy, court documents showed.

  • October 09, 2025

    First Brands Creditor Wants Examiner After $2.3B 'Vanished'

    First Brands creditor Raistone Capital urged a Texas bankruptcy judge to appoint an independent examiner in the car parts maker's Chapter 11 case, saying no one has been held accountable for up to $2.3 billion that "simply vanished."

  • October 09, 2025

    Big Lots Gets OK For $6.5M Deal On Exec Claims

    A Delaware bankruptcy judge on Thursday approved a $6.5 million settlement between retail chain Big Lots and its directors and officers, resolving claims by unsecured creditors that the company's board bungled an attempt to sell the company last year.

  • October 08, 2025

    Auto Industry In Spotlight After Tricolor, First Brands Ch. 11s

    The recent bankruptcies of auto parts maker First Brands and subprime lender Tricolor are shining a spotlight on the auto sector with observers on the lookout for signs of further distress in the industry, as other companies with their own sets of unique problems could come under pressure.

  • October 08, 2025

    LA County Probes Firm's Conduct In $4B Sex Abuse Deal

    The Los Angeles County Board of Supervisors has unanimously voted to launch an investigation into a record $4 billion sex abuse settlement it approved earlier this year following claims that the Downtown L.A. Law Group paid people to file complaints.

  • October 08, 2025

    Avon Trust Sues Insurers Over Coverage Of Talc Liabilities

    A trust established to pay asbestos claimants in Avon's Chapter 11 has urged a Delaware state court to rule that almost 30 insurers must help indemnify more than $225 million of the cosmetics company's talc injury liabilities, saying the insurance carriers had or would fail to do so.

  • October 08, 2025

    Irish Court Bars Russian Arbitral Awards In GTLK Liquidation

    Ireland's High Court has blocked a Russian state-owned aircraft leasing company from enforcing awards issued in arbitration in Russia challenging the liquidation of the company's Irish aviation and maritime leasing subsidiary GTLK Europe DAC.

  • October 08, 2025

    Genesis Judge OKs Creditor Attys But Warns Of 'Dysfunction'

    A Texas bankruptcy judge on Wednesday approved bids by Proskauer Rose LLP and Stinson LLP to represent unsecured claimholders in Genesis Healthcare Inc.'s Chapter 11 case but cautioned that "dysfunction" and inefficient case management could render the estate administratively insolvent.

  • October 08, 2025

    Judge Won't Lift Ch. 9 Stay In Chester Utility Dispute

    A bankruptcy judge ruled Wednesday that the water utility for Chester, Pennsylvania, can't try to alter a five-year-old state court order allowing the bankrupt city to seek bidders for the utility company's assets.

  • October 08, 2025

    Judge To OK Neiman Marcus Trust's Altered Payout Scheme

    A Texas bankruptcy judge said on Wednesday he would allow the liquidating trustee in reorganized debtor Neiman Marcus' bankruptcy case to make distributions to unsecured creditors largely along the trustee's requested lines but without an abbreviated deadline for unclaimed funds to revert to the trust.

  • October 07, 2025

    Prospect Medical Fights $1M Software Fee Claims In Ch. 11

    Prospect Medical Holdings Inc. says the pending Chapter 11 proceedings for its hospitals in California and Connecticut should keep two technology companies from demanding more than $1 million in payment for disputed software and IT contracts, according to Prospect's filings with a Texas bankruptcy court on Monday.

  • October 07, 2025

    Puerto Rico Utility Bondholders Pull Out Of Reorg Deal

    A group of Puerto Rico Electric Power Authority bondholders Tuesday informed a bankruptcy judge that they were following through on a promise to exit a restructuring agreement and join other bondholders in supporting an alternative bankruptcy plan for PREPA.

  • October 07, 2025

    BML Defends Bid To Pursue Claims Against CCA Parent Co.

    BML Properties, the developer of the Baha Mar resort in the Bahamas, defended its bid to bring direct claims against the parent company of CCA Construction, telling a New Jersey bankruptcy judge that CCA's estate is raising illogical arguments to avoid BML pursuing its controlling shareholder.

  • October 07, 2025

    CVS Says Rite Aid Not Complying With Ch. 11 Sale Order

    CVS Pharmacy Inc. has asked a New Jersey bankruptcy judge to enforce his May order approving the sale of 625 Rite Aid pharmacy operations and 64 drug stores, alleging the debtor has not provided druggist insurance as required for its ex-employees who are now working for CVS.

  • October 07, 2025

    3rd Circ. Won't Rehear J&J Investor Cert. Appeal

    The U.S. Court of Appeals for the Third Circuit declined Tuesday to reconsider backing a New Jersey federal judge's class certification order in a Johnson & Johnson investor action alleging the company artificially inflated its stock price by failing to disclose cancer risks.

  • October 07, 2025

    Bankrupt Omnicare Faced Myriad Woes Before $1B Judgment

    A nearly $1 billion judgment for falsely billing the government for prescriptions sent Omnicare into bankruptcy, but Medicare and Medicaid reimbursement issues and other difficulties had been weighing on the nursing home pharmacy for years.

  • October 07, 2025

    Catching Up With New Bankruptcy Case Action

    A software company in the educational technology industry initiated Chapter 11 proceedings with more than $1 billion in debt. A restaurant chain that abruptly closed its locations last month began a Chapter 7. And an entity seemingly related to a 100-year-old hotel's renovation entered Chapter 11 bankruptcy hauling at least $50 million in debt.

  • October 06, 2025

    Judge Questions Kidde-Fenwal's Ch. 11 Plan Disclosures

    A Delaware bankruptcy judge said she would review proposed changes to the Chapter 11 plan disclosure from firefighting foam maker Kidde-Fenwal after expressing concern at a hearing Monday about not getting a list of how different claims would be treated.

  • October 06, 2025

    Puerto Rico Finance Board Members' Removal Paused

    A federal district court judge blocked President Donald Trump's removal of three members of the Financial Oversight and Management Board for Puerto Rico who had accused the president of illegally firing them without cause.

  • October 06, 2025

    Lender Favors In Ch. 11 Get Riskier With ConvergeOne Ruling

    Companies that offer incentives to select lenders in bankruptcy could face new legal challenges following a Texas federal court's ruling in the case of ConvergeOne, whose Chapter 11 plan was found to have violated the law by excluding certain creditors from a lucrative equity offering, experts told Law360.

  • October 06, 2025

    First Brands Gets $1B DIP, Hooters Approved To Exit Ch. 11

    A Texas bankruptcy judge granted an interim approval for First Brands' $1.1 billion debtor-in-possession loan. Hooters of America won court approval of its reorganization plan. The judge ruled the automatic stay in Alex Jones' Chapter 7 case does not extend to his media company, Free Speech Systems, while the unsecured creditors' committee in TPI Composites' Chapter 11 sued its equity holder, alleging a prepetition uptier deal unfairly elevated its creditor status.

Expert Analysis

  • Power To The Paralegals: The Value Of Unified State Licensing

    Author Photo

    Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.

  • Administrative Disaster At Bankruptcy Courts May Be In Sight

    Author Photo

    If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is depleted, it will undoubtedly cause a slowdown in the administrative process for the significant majority of bankruptcy cases, says Charles Tatelbaum at Tripp Scott.

  • An Unrestrained, Bright-Eyed View Of Legal AI's Future

    Author Photo

    Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.

  • Tracking The Evolution In Litigation Finance

    Author Photo

    Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.

  • Law School's Missed Lessons: Preparing For Corporate Work

    Author Photo

    Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.

  • A Cold War-Era History Lesson On Due Process

    Author Photo

    The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.

  • Improv Makes Me A Better Lawyer

    Author Photo

    Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.

  • How BigLaw Executive Orders May Affect Smaller Firms

    Author Photo

    Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.

  • Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

    Author Photo

    Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • How To Accelerate Your Post-Attorney Career Transition

    Author Photo

    Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.

  • Law School's Missed Lessons: Be An Indispensable Associate

    Author Photo

    While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.

  • 23andMe Case Highlights Privacy Complexities In Ch. 11

    Author Photo

    Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.

  • Birding Makes Me A Better Lawyer

    Author Photo

    Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.